• TUI beats expectations

Travel group TUI AG, which is merting with TUI Travel, reported full year earnings ahead of expectations at EUR869m. The company forecast stronger growth in 2015 of 10-15%, reports Bloomberg.
Full year sales were up 1.3% with more beds filled at the company’s Riu, Grupotel and Grecotel chains. The company said it expects to eliminate losses at the Hapag-Lloyd cruise business in the coming year.
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